Tim Ghriskey Combined Quotations

It is an oil day. Oil is over $68 now and that, combined with a very hawkish statement from the Fed, is weighing on the market. Energy prices at the gas pump are impacting consumer spending and its impact is reflected in AutoZone's earnings and Avon's profit warning.

The Fed statement was clear about the likelihood of further rate increases. That outlook, combined with Dell's warning, was enough to damp demand for stocks today.

The Fed statement was clear about the likelihood of further rate increases, ... That outlook, combined with Dell's warning, was enough to damp demand for stocks today.